EURUSD, “Euro vs. US Dollar”
In the H4 chart, EURUSD is consolidating at the 4/8 level. If the price breaks this level to the upside, it may grow to reach the 5/8 one. Otherwise, the instrument may continue falling towards the support at the 0/8 level.
As we can see in the M15 chart, the pair has broken the downside line of the VoltyChannel indicator and, as a result, may continue moving downwards to reach 1.2207.
GBPUSD, “Great Britain Pound vs US Dollar”
In the H4 chart, GBPUSD is expected to test the resistance at the +2/8 level, rebound from it, and then resume falling towards the 8/8 one.
The lines in the H4 and H1 charts are completely the same and confirm the scenario described above.
RoboForex Analytical Department